Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Chch entrepreneur David Lyall extends investments

December 21 2004

Christchurch entrepreneur David Lyall extends investments

Christchurch entrepreneur David Lyall has set up a new equity investment company and established a fund to specifically invest in New Zealand businesses.

St. Andrews Capital has an initial fund of $7 million for immediate investment in companies wanting to grow their businesses, David Lyall says. “There are some excellent growth opportunities in New Zealand and through our investment we want to demonstrate the confidence we have in the market and the companies we’ve identified with the potential to move to the next level,” Mr Lyall says.

He says they are looking at businesses operating in a wide range of industry sectors.

The St. Andrews Capital Ltd board of directors includes another successful Christchurch entrepreneur, Bill Gee of Versatile Buildings, John Edilson, CEO of Provincial Finance, and local businessmen Colin Averill and Warren Bell. David Lyall, 40, who founded Provincial Finance and is a director of David Lyall Holdings, Provincial Finance, Tasman Pacific Insurance Ltd and Thornton Estates, was included on this year’s National Business Review Rich List with an estimated $55 million fortune. He also plans to open a new consumer finance company in Melbourne in the New Year. “We’ve done very well in the consumer finance sector in New Zealand and I am looking forward to doing the same in Australia. I’m starting from a modest base and will work towards being a significant player in the finance industry in Victoria,” Mr Lyall says.

“Once the business is established I will be looking at other investment opportunities in Australia to extend my involvement in that market.” Two Melbourne directors have been appointed to the newly established Australian-based company. Graeme Bowker was previously the managing partner of Deloitte in Victoria and is the past Chairman of Melbourne Water, and Ken Dowling who is a financial planning and accounting consultant and a former partner with PriceWaterhouseCoopers.

Background David Lyall Holdings Limited has a total asset base of $171million, with investments in the finance, insurance, land development and private equity sectors in New Zealand, Australia and Singapore. Directors are Colin Averill (chairman), David Lyall, John Edilson, and Warren Bell.

www.davidlyallholdings.com

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>



All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>


Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>


DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>



Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>